- What benefits do blockchain provide in business-to-business collaborations?
Increased trust between parties
instant access to relevant information
access to all historical data and the means to record all new entities - What property of a blockchain does the name “Permissionless” refer to?
The decentralised nature of the blockchain
Anonymity - no requirement to submit personal information - What are 3 examples of permissionless blockchains?
Bitcoin
Ethereum
EOS - Who are allowed to join a permissioned blockchain network?
Only those who have authorisation or agreement to join the network - Why do you think permissioned blockchain networks are preferred by many companies?
They allow companies to keep control of sensitive data and not have to make it all public. customer details and records cant be made public for example.
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- It allows the transfer of data/assets/value between two parties, and it eliminates the need to rely on a third party. More efficient, secure, and traceable.
- Anyone can access information
- Ethereum, Bitcoin, EOS
- People who are authorized from the network.
- Governance, private, secure
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1. What benefits do blockchain provide in business-to-business collaborations?
This allows for a layer of trust that would not exist otherwise; instant access to relevant and authentic information.
2. What property of a blockchain does the name “Permissionless” refer to?
The fact that anyone can participate and append the blockchain aka mine block.
3. What are 3 examples of permissionless blockchains?
- Bitcoin
- Ethereum
- Litecoin
- Dash
- Monero
4. Who are allowed to join a permissioned blockchain network?
Those whom the company allows.
5. Why do you think permissioned blockchain networks are preferred by many companies?
Several reasons; they control who can and cannot append their blockchain; they can decide varying levels of control (i.e. who is in charge of what tasks within managing their blockchain); they also can control how much is visible to their customer or competitors for that matter.
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1. What benefits do blockchain provide in business-to-business collaboration?
It provides a layer of trust between 2 parties also there’s a public record of all transactions so there is transparency.
2. What property of a blockchain does the name “Permissionless” refer to?
Decentralization
3. What are 3 examples of permissionless blockchains?
- Bitcoin
- Ethereum
- Cardano
4. Who are allowed to join a permissioned blockchain network?
Private members
5. Why do you think permissioned blockchain networks are preferred by many companies?
It gives them more control over who and how people interact with the network.
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*** What benefits do blockchain provide in business-to-business collaborations?**
- they remove the need for trust (trustless)
- instant access to authentic immutable information
- access to historical data of all transactions
- censorship resistance
*** What property of a blockchain does the name “Permissionless” refer to?**
- public blockchains that require no permissions / certificates to operate and utilize the blockchain
a) ability to run a node
b) add information to the blockchain
c) verify past transactions - driven by network consensus
*** What are 3 examples of permissionless blockchains?**
- bitcoin, ethereum, cardano
*** Who are allowed to join a permissioned blockchain network?**
- people / entities that have received a certificate from an authority / owner on the network
*** Why do you think permissioned blockchain networks are preferred by many companies?**
- they allow for business secrets to remain hidden from the public, more control over data
- increased centralized control
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Blockchains allow for increased trust between parties, and instant access to relevant information.
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Permissionless means parties have the ability to submit transactions on the network, or contribute to the networks security by running nodes, mining, or staking operations without having to ask anyone for permission.
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Bitcoin, Ethereum, and Cardano.
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Only approved entities within a company or association have the ability to run nodes on permissioned blockchain networks. They can also validate transaction blocks, execute smart contracts, and read through the transaction history.
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A permissioned blockchain allows companies to store their data in a way that is more immutable and secure than traditional databases, while still giving them more privacy and control compared to what a decentralized blockchain could offer.
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- Eliminate the need to rely on a third party to facilitate the said transfer. It provides a trust layer that did not exist until now, for all types of transactions – as all members of the network have access to the same information via the ledger.
- Decentralisation, Transparency, Incentives, public
- Bitcoin, Ethereum, Matic.
- Only approved people or approved computer entities.
- Could be controlled, Require permission, use trusted nodes, governance.
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- It provides trust between parties so that a third party is not needed
- It refers to the type of the blockchain: if the blockchain can be accessed by every user or node without anyone’s approval, then the blockchain is called permissionless or public. If access is monitored by a central authority (owner of the blockchain), then the blockchain is private.
- Bitcoin, Ethereum, EOS
- Only users or nodes that have been granted the access
- The blockchain can be tailored to the company’s specific needs. More control over data by selecting which person can participate and by defining who can see some kind of data.
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- What benefits do blockchain provide in business-to-business collaborations?
- Instant access to all transactions (all of which have been vetted and are inalterable), resulting in increased trust between parties.
- In addition, protocols can often eliminate the need for third party intermediaries.
- What property of a blockchain does the name “Permissionless” refer to?
- The permissionless network must be decentralized to ensure that no central authority can alter past transactions, change access rules, or shut the network down.
- Anyone can interact with the network, submit transactions, and hold private keys to their own wallets.
- Likewise, anyone can run a node on the network and anyone can employ mining or staking protocols.
- Generally, some sort of user-incentivizing is required to process and accept new blocks.
- Finally, since anyone has the same access rights as another, there is no sense of access hierarchy or permissioning, so user anonymity must exist (though transactions can ultimately be traced via IP addresses).
- What are 3 examples of permissionless blockchains?
- Bitcoin, Ethereum, EOS
- Who are allowed to join a permissioned blockchain network?
- Whomever the owner(s) of the network deem worthy.
- Why do you think permissioned blockchain networks are preferred by many companies?
- Companies work with proprietary and confidential information, and do not want said information to be exposed to the public. Even within a company, there needs to be a hierarchy and control structure over who sees what. For example, employee SSNs or health records should be strictly controlled per legal mandates.
- Companies also do not want to be held back by non-interested parties when they want to make changes to their operations.
- Furthermore, private networks are typically faster and easier to maintain
- Private networks and designed for and are dedicated specifically to company related business.
- A private network also avoids the risk of unexpected changes being made to the network by a majority of outside parties, while also allowing for changes to be easily made when the business so desires.
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What benefits do blockchain provide in business-to-business collaborations?
Trust, immutability, instant access to relevant, authentic, recorded historic data -
What property of a blockchain does the name “Permissionless” refer to?
That there is no permission required from anyone to access or use the blockchain. Anyone can run a node, carry out transactions or interrogate the blockchain at anytime with no restrictions -
What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, Polkadot -
Who are allowed to join a permissioned blockchain network?
Only those that have been given access privileges to the blockchain by the centralised system admin -
Why do you think permissioned blockchain networks are preferred by many companies?
They are not public so only entities that are given express permissions can view, edit or interact with any data on the blockchain
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- Business to Business transactions are benefited by blockchain because they remove the middle man and ensures a Trust in the information being shared.
2)Permissionless means that anyone with a computer and the ability to run a node can become a validator, and anyone can build smart contracts that interact with the blockchain.
3)BTC, ETH, EOS
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The owners of the permissioned blockchain network decide who can participate and to what end.
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Permissioned blockchains are preferred because it allows the company to keep private the information they want to keep private, while taking advantage of the other benefits provided by the blockchain.
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What benefits do blockchain provide in business-to-business collaborations?
Concerning collaborations, blockchain increase more trust between actors, and enable them to share some relevant and authentic informations. -
What property of a blockchain does the name “Permissionless” refer to?
That means anyone can join a permissionless network,without having pass lots of steps to be validated by a third party. -
What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, EOS are public blockchains. -
Who are allowed to join a permissioned blockchain network?
The specific consensus for a private blockchain will determine who can access to this blockchain. -
Why do you think permissioned blockchain networks are preferred by many companies?
Because these types of networks enable to leverage of blockchain technology with, in a same time controlling whose access to informations, how public or not is the information and what the blockchain users can do.
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- Security and the transferral of digital assets.
- It’s open to users to join freely and participate in the network as they wish.
- Bitcoin, Ethereum, Solana.
- Whom ever they central authority governing that blockchain allow to join.
- Because tehy have the control over the blockchain.
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1 Access to the information, like the history of transactions made.
2 To a public blockchain.
3 Bitcoin, Ethereum, Litecoin.
4 Specific members.
5 Because it is more private and centralized.
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- blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information
- Decentralization, Digital assets, Anonymity and transparency
- Bitcoin, Ethereum, Cosmos
- In permissioned blockchain only approved people or computer entities have the possibility of running nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts, or reading the transaction history
- Many private blockchains store an extensive amount of data relating to the transactions, and operations carried out by users, so it could be dangerous if such a data would be visible for public as it is in permissionless blockchain
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Blockchain removes the need for 3rd parties, which increases speed and lowers costs. Since the data can’t be changed, it also removes the need for trust and the involved parties can instead trust the technology. There’s also increased security and transparency which can be beneficial to all parties.
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It shows how decentralized the blockchain is.
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Bitcoin, Ethereum, Litecoin
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Only people/entities approved by the controlling organization can join a permissioned blockchain network.
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It’s more of a controlled environment where you get many of the pros of blockchain tech without the perceived negative sides. With permissionless blockchain networks it’s incredibly difficult to make changes, since you need 50%+1 of the entire community to make any changes to the code and people generally have different opinions on some matters. This problem disappears when a company has control over the changes and functions. As a customer you just need to have trust in the company.
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What benefits do blockchain provide in business-to-business collaborations?
Making business in trustles way, blockchain eliminates the midleman, increased security and transparency. -
What property of a blockchain does the name “Permissionless” refer to?
It refers to a public blockchain. -
What are 3 examples of permissionless blockchains?
btc, eth, ltc -
Who are allowed to join a permissioned blockchain network?
Only people that are approved by controlling party. -
Why do you think permissioned blockchain networks are preferred by many companies?
Companies can manage what data can be seen and manipulated. Also it is not necessary to have consensus of all nodes for transaction or change to be approved.
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It removes the need of middle man, it removes the trust factor and provides access to transparent accurate data.
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Descentralization
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Bitcoin, Ethereum, Litecoin
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Only approved people.
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Because:
- it allowes the governance to be decided by the members of the business network
- they can leverage the power of the network for their own, internal business operations
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• Provides trust
• Provides security/resistant to tampering
• Instant access to relevant and authentic information
• Access to historical data of all transactions
• It is public.
• Driven by network consensus
• No permission is required to:
Run a node, and receive incentives
Add to the blockchain
Verify and authenticate past transactions
• Bitcoin
• Etherium
• Cardano
Only participants that are authorized.
• Requires permission
• Control over data – what can and cannot be viewed and by whom
• Governance
*Privacy
*Cost effective
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- Provide transperancy which in terms creates trust, historical data can be excessed which is not tampered, more security
- Where there is no central authority in control and no one’s permission is required. Where trust is build on algorithm rather than any third party
3.Bitcoins, ethereum , dogecoin
4.Who so ever the central controlling authority of blockchain permits for example may be board of directors of company, CEO etc - Permissioned blockchain are preferred by companies as there may be buisness secrets that the company do not want to reveal, where company wants to appoint only authorised trust nodes to make decisions, so that company can have governance over blockchain
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